Chinese EV giant BYD is aggressively cutting vehicle prices, significantly impacting its extensive network of component suppliers.

Zeekr, Geely's premium EV unit, has launched its first plug-in hybrid model, the 9X, to expand its customer base in China's competitive automotive market.

Xiaomi successfully launched its second electric vehicle, an SUV, demonstrating its effective diversification into the automotive sector.

Ford CEO Jim Farley warned that Chinese electric vehicles exhibit “humbling” superiority in technology, quality, and cost, posing an existential threat to Western automakers.